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Technology Stocks : LSI Corporation
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To: E. Graphs who wrote (14734)9/3/1998 3:10:00 PM
From: DavidG  Read Replies (2) of 25814
 
E!

I would be careful with LSI for the rest of the year. Tax selling is going to keep their price in the dead money category. Downgrades shouldn't affect the price too much but as I write this I see LSI at 11 3/4. If it drops much further than we obviously have a real problem stock that we don't know the whole story about.

I have been rolling over my January CALLS to April on every rally opportunity since I believe we are looking at a 9 to 12 month basing.

Wilf (like Clinton) needs to give up control to someone more competent at running the business because this is tanking way too fast.

I think we are now looking at a NOVELL like company when they purchased Word perfect, although a good company. WP required way too many resources and was too big a distraction from the core business. These are not the times for weak Semiconductor companies to acquire new businesses no matter how good the deal.

Good Luck

DavidG
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